Salary loan in the Philippines. How Can? Help Me!

How Can a Salary Loan Help Me?

Salary loans can be obtained by people who are paid monthly, but this money is not enough to solve urgent problems. For example, there are often costs in people’s lives, such as hospital bills, car repairs, family holidays, apartment payments, and other urgent issues that need to be addressed immediately.

Salary loan in the Philippines. How Can? Help Me!

In a situation where wages are not paid on time, there are inevitable problems, so it is important to get a salary loan as soon as you need it. The amount to be approved as loans is based on the salary of the individual, and they have to pay little interest when paying the loan. The agreed amount to be paid for the loan is deducted when the salary is paid; thus they can also be referred to as Pay Day Loan.

Fast payday loans advantages for Filipinos

There are so many advantages of getting instant salary loans online for Filipinos, and we are going to discuss them one after the other:

  1. Easy Application for Online Loan

With salary loans, everyone can get a loan easily. But it will be even easier for those who have a stable salary to get one becauseSalary loan in the Philippines. How Can? Help Me! of their employment status. But it will be even easier for those who have a stable salary to get one because of their employment status. Financial institutions will approve loans to employees faster than self-employed people, because they are confident that employees will receive their money on the day of payment. But even self-employed people will get a loan if they prove the stability of their income.

  1. Get Loan quick

Payday loans are faster to process, and you can get the cash quick as the same day you apply. The instant loans are guaranteed depending on how fast you have the necessary documents to verify your employment status. The bank checks the application very quickly, and if you are lucky, you will receive approval on the same day.

  1. Easy payment of the loan

With the arrangement that the loan can be deducted from your salary on payday, it is easy to pay back the loan. With the use of a proper banking system, the loan can be deducted directly from your salary, which is convenient for all the parties involved. If this is not possible, you can always repay the loan at a bank branch. The main thing is that you do not forget the date of payment.

  1. It requires less documentation to get a loan

Salary loans do not require much documentation or conditions than other forms of loans, especially from big banks and financial institutions. All you might need is the evidence that you are employed and can remit the loan as required on payday. Also, different banks may have different restrictions on the age and place of residence of the client.

  1. You do not need a good credit record

Top banks and financial institutions usually check for credit records of an individual before offering them mortgages or car loans. With the payday loan, you do not need a credit record, for your salary status is required to get the loan.  With a payday loan you do not need a credit history, as the amounts and terms of the loan are very small and available to everyone. To get a loan, you only need a salary and a permanent job.

How to Apply for Salary Loan Online

To be successful with your payday loan, you have to follow the steps and requirements below to apply for a loan online.

  • You should be 20 years old or older. Ask the bank where you want to get your salary loan from for the exact age requirements.
  • You must have a regular job with a required time salary is paid. Different banks have different requirements for the length of service in the last place and the type of employment.
  • You should provide your national identity card or your social security number.
  • Also, you should come with proof of employment and, if possible, your employment letter.
  • And of course you must be a Philippine citizen.
  • Take all the requirements and necessary documents and submit them online or directly to the loan officer to get your loan approved quickly.

Loan conditions

Bank Loan amount Interest rate (months) Loan term (months) Minimum income (months)
BDO 10 000 – 1 000 000 1,3 6 – 36 20 000
BPI 20 000 – 1 000 000 1,2 23 – 36 25 000
Pag-IBIG Fund 80% of the total amount of contributions. 0.89 6-24 20 000
metrobank 10 000 – 30 000 1,3 6-24 20 000
security bank 10 000 – 1 000 000 1,39-1,69 12 – 36 15 000

Where is it better to take a payday loan?

There are several financial institutions where you can obtain an easy salary loan online, and they include:

  1. Finance Philippines

Welcome finance offers salary loan online to employed and self-employed citizens of Filipino at 21 to 65 years of age. It is easy to apply for a loan on this platform. The minimum loan for salary of P20, 000 for employed and P40, 000 for self-employed with the least proof of working for a year.

  1. Asteria lending Inc.

Asteria offers easy, hassle-free, and quick salary loan online with just a few clicks. All the process of acquiring loans is done online with the use of advanced technology to create easy access to employed Filipinos access fast salary loans. They make it easy for ordinary working Filipinos to get access to loans and also offer one of the cheapest interest rates in the Philippines.

  1. Cash mart

With simple and easy online steps, you can get an instant salary loan online with cash mart. Just follow the three easy steps shown on the platform, and you can get your loan within a day. All you need is to be 21 years and above and provide the necessary ID card and proof of billing. The slogan of this company is Fast, Flexible and Affordable.

  1. DBP (Development Bank of the Philippines)

DBP offers easy cash loans for government employees with the minimum requirements, and you can get your loan within five days. The process is easy, and the deduction from the loans can be made directly from your salaries, which makes it easy and convenient to meet up with your loan payments.

  1. Robocash

Filipino residents can get instant loans of up to PHT 25,000 for up to 180 days and get the interests deducted directly from your salary. Filipinos eligible for a loan on Robocash should be between 21 to 70 years old, employed, and those on selected professions. Get an easy and instant loan today with the simple steps to apply online. It is a fully automated online service that will provide credits at any time of the day.

  1. Cashwagon

Get a salary loan fast approval with cash wagon today for a loan up to PHP20, 000 for up to 180 days for all Philippines. You get your first PHP 6000 free of charges, and you will require just your identity card to apply for a loan. It’s one of the simplest loans in the Philippines.




interest rate
for per day
PHP 5000 - 10000
from 30 to 60 days
(4,1/5) 181 voice



interest rate
for 1% per day
PHP 2000 - 20000
from 65 to 90 days
(5/5) 498 voice
Receiving money in any way 24/7!

Robocash PH

Receiving money in any way 24/7!

interest rate
for 0 % per day
PHP 1000 - 10000
from 7 to 180 days
(4.98/5) 2509 voice
Guarantee of a loan on a card!


Guarantee of a loan on a card!

interest rate
for 2% per day
PHP 2000 - 20000
from 10 to 30 days
(4.11/5) 398 voice
The most convenient loan!
Cash Mart

Cash Mart

The most convenient loan!

interest rate
for 0,8% - 3,5% per day
PHP 5000 - 30000
from 7 to 30 days
(4.33/5) 489 voice

The requirement for Pay Day Loan

There is a general requirement for you to be successful with your payday loan, and they include:

  • A national Identity card.
  • Proof of billing or employment.
  • At least one year of being employed.

How to Get Your Pay Day Loan Approved

As easy as it is, some people still cannot get their salary loan online approved, and to avoid this, you have to ensure the following:

  • Read the terms and conditions provided by the institutions.
  • Fill out the forms correctly.
  • You should provide an adequate identity.
  • You should ensure to request for a loan within your salary range.

Salary loans are usually needed for urgent needs, and with these platforms provided, you are guaranteed salary loan fast approval. To get the loan approved easy and fast, follow the steps provided by the institutions.

How to return?

Salary loan in the Philippines. How Can? Help Me!According to the terms of the signed contract, the client must make monthly payments to repay the debt. If he does not, then the bank charges high fines. In addition, his credit history deteriorates.

To avoid the occurrence of delay, you need to make payment in advance, 2-3 days before the deadline. This time may be required to credit the transfer to the financial institution details.

You can deposit money to the loan account:

  • at the bank’s cashier;
  • transfer from your account in online banking;
  • recharge in an ATM, if such a service is provided.

Before signing a payment order, you need to carefully check all the details and amount of the transfer. The borrower is responsible for the payment.

So, take a salary loan cash is not difficult. Lending terms are transparent and available to every citizen.

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